1. Includes 38,920 deferred shares held under the Philip Morris International Inc. 2008 Stock Compensation Plan for Non-Employee Directors. This includes an increase of 329 share equivalents acquired through the reinvestment of dividends since June 29, 2012, the date of the last reportable transaction.

2. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. Phantom Stock Units convert to common stock on a 1-for-1 basis.

4. These units were acquired on September 28, 2012, pursuant to the Philip Morris International Inc. 2008 Deferred Fee Plan for Non-Employee Directors.

5. These units are to be settled in cash upon the reporting person's termination as a member of the Issuer's Board of Directors.

6. The average of the high and low price of Philip Morris International Inc. common stock on September 28, 2012.

7. Share equivalents held in the Philip Morris International Inc. 2008 Deferred Fee Plan for Non-Employee Directors. This includes an increase of 525 share equivalents acquired through the reinvestment of dividends since June 29, 2012, the date of the last reportable transaction.

Jerry Whitson for Lucio A. Noto

10/02/2012

** Signature of Reporting Person

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person,
see
Instruction
4
(b)(v).